617 1 Avenue Ne, Calgary, AB, T2E 0B5

House For Sale In Bridgeland/Riverside, Calgary, Alberta

$799,900 QuickQuote^TM: $765K - $1.0M

8+0 Beds

5 Baths

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617 1 Avenue Ne, Calgary, AB - Outdoor With Exterior

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Other Room

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Living Room

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Kitchen With Double Sink

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Bedroom

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Bathroom

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Laundry Room

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Kitchen

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Basement

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Dining Room

617 1 Avenue Ne, Calgary, AB - Indoor Photo Showing Garage

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617 1 Avenue NE, Calgary, AB, T2E 0B5

$799,900

8+0 Beds

5 Baths

Property Information:

Attention, Investors! Don’t miss this prime, full-duplex with incredible potential. Featuring four kitchens, five bathrooms, and eight bedrooms across four complete units, this property, though older, remains in good condition.Key Features to Note:1. Zoning: The property is zoned as MU-2, allowing for commercial or mixed-use residential and commercial development, making it highly attractive for potential development.2. Ideal for Short-Term Rentals: Its excellent location makes it ideal for Airbnb, offering strong income potential.3. Perfect for Rooming House Business: With two bus routes directly to the University of California right by the property, it is also perfect for a rooming house operation.4. Rental Income Potential: For those seeking a quieter investment, you can split them into two larger ones or lease all four units, both options providing substantial annual rental income.Recent Updates and Improvements: One side of the duplex has already been renovated, offering a preview of the potential transformation for the other side. Additionally, the current owner has made several upgrades, including newer windows, doors, roof, and basement water heater.Please note: all appliances and items within the property are sold “AS IS, WHERE IS.” There are also two low-cost parking spaces available in front of the property.For a property with immense future development potential and strong immediate rental returns, It’s truly a cash cow! investors—what are you waiting for?

Inclusions: fridge, 2 stoves, hood fan,

Building Features:

Total Finished Area: 2719.60

Property Features:

Bedrooms: 8+0
Bathrooms: 5+0
Architectural Style: 2 Storey, Side by Side
Built in: 1921
Construction Materials: Brick, Stucco, Wood Frame
Cooling: None
Exterior Features: Private Yard
Floor Space (approx): 2719.60 Square Feet
Flooring: Carpet, Ceramic Tile, Hardwood, Laminate
Foundation Details: Poured Concrete
Heating: Forced Air, Natural Gas
Interior Features: No Smoking Home, Separate Entrance
Levels: Two
Lot Size: 2818.00 Square Feet
Parking Features: Off Street
Roof: Asphalt Shingle
Zoning: MU-2

Courtesy of: Homecare Realty Ltd.

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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QuickQuote^TM

Approximate value for 8+0 bed, 5 bath house in this area is:

List Price
below Estimate List Price
above Estimate

$799,900

List Price

$764,806

$1,025,536

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Location of 617 1 Avenue NE, Calgary, AB, T2E 0B5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

40/100

Moderate

ClimateCheck®

Current data

This property, 617 1 Avenue NE, experiences 7 hot days per year at around 29.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 33.2 degrees Celsius.

Projected Avg. Temperature

Past

29.1℃

2050

33.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

21/100

Moderate-Low

ClimateCheck®

Current data

This property, 617 1 Avenue NE, experiences 10 significant 2-day storms per year, with about 199.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 212.6mm of precipitation per year.

Precipitation Per Storm

Past

199.6mm

2050

212.6mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 617 1 Avenue NE, Calgary, AB, T2E 0B5

Life Stage

Young Families

Employment Type

Service Sector/White Collar

Average Household Income

$101,251.46

Average Number of Children

1.34

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.8 %

High school certificate or equivalent

22.1 %

Apprenticeship trade certificate/diploma

5.21 %

College/non-university certificate

16.19 %

University certificate (below bachelor)

1.6 %

University Degree

37.09 %

Commuter

Travel To Work

By Car

55.66 %

By Public Transit

20.75 %

By Walking

21.36 %

By Bicycle

0.71 %

By Other Methods

1.52 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

92.33 %

Houses

7.67 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 617 1 Avenue NE, Calgary, AB, T2E 0B5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 617 1 Avenue NE, Calgary, AB, T2E 0B5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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